Chemical High On Heavy Metal
Chemical specialty company the Cabot Corp.
(
CBT |
Quote |
Chart |
News |
PowerRating) is exhibiting an
expansion breakout in Friday’s session with an accompanying volume spike. The
diversified business has production capabilities and outlets in chemicals,
materials, specialty fluids, microelectronics and natural gas. Volume in today’s
wide-range expansion is already more than 200% of the 320,000 daily average.
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Despite a number of analyst downgrades in the past two months,
CBT has managed to quietly slide higher, with today’s price action following the
stock missing earnings for Q1 by 2 cents per share. One fundamental area making
Cabot appealing is their microelectronics area, where the production of tantalum
semiconductor capacitors is being speculated to increase revenues by as much as
50% in 2001.
Have a great weekend!
Duke